Thursday, November 15, 2012
Subject : Daily Rate Update: Mortgage Rates Snap Two Day Losing Streak
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Nov 15, 2012 3:00PM
Mortgage rates put an end to two days of weakness , but for most lenders, rates were only moderately improved on Thursday. Weak economic data helped push interest rates and stock prices lower on Wall Street today, but Treasuries and Mortgages started the session in worse shape than yesterday. Consequently, the improving market conditions in the Secondary Mortgage Market only resulted in minor improvements on the COST side of the Best-Execution equation , whereas Best-Ex rates themselves remained...
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